It is not too early at all to see the implementation of the Heritage Fund. The public and Members are calling for full value from resource revenues and saving some of these funds to build a future. Resources and revenues leave the NWT faster each year. Mines pay down their development costs in no time, yielding huge profits. A revised resource revenue tax is a simple, quick answer to our years of complaint over lost revenues.

Finally, Mr. Speaker, the Joint Review Panel’s report on the Mackenzie Gas Project highlights issues of government capacity and oversight. The panel said all of its recommendations must be met if the project is to go ahead. There is enormous work to be done quickly if we are to responsibly contribute to the next stage in realizing the panel’s vision of a truly sustainable development project. Mahsi.